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nothing from jamie dimon. eric holder addressed it. >> i do not want to comment where we are in regard to that matter other than to say it is all going. rich: there are of course the issues of how much any settlement could clear off the books for jpmorgan chase. a meeting in washington, d.c. sprung up on us this morning. back to you. cheryl: rich edson. thank you very much. dennis: what is bugging me? bank finds. our government is raiding billions of dollars from banks that already lost money on their own moves. eric holder says it is not enough. we are extract the even more money. almost none of this money ever goes to any real victims. almost none of this money comes from the bank accounts of the individuals who screwed up so badly. instead our government shakes down shareholders. the ones who got hurt are now the ones paying for their banks stupidity. something is very wrong here. should the feds find individuals inside of the things that employed them? cheryl: such an interesting debate. the shareholders a
nothing from jamie dimon. eric holder addressed it. >> i do not want to comment where we are in regard to that matter other than to say it is all going. rich: there are of course the issues of how much any settlement could clear off the books for jpmorgan chase. a meeting in washington, d.c. sprung up on us this morning. back to you. cheryl: rich edson. thank you very much. dennis: what is bugging me? bank finds. our government is raiding billions of dollars from banks that already lost...
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Sep 26, 2013
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ceo jamie dimon met with u.s. attorney general eric holder on a reported $11 billion settlement over mortgage-backed securities. we're all over this story. rich edson is reporting from washington, d.c., elizabeth macdonald is working phones here in new york, but first let's get up to speed with rich. >> reporter: good afternoon. he walked through the front entrance, slipped out the side door in a black suv. jamie dimon spent about two hours at the justice department. attorney general eric holder says he met with dimon, this following reports jpmorgan and justice are discussing an $11 billion deal in connection with abuses in mortgage-backed securities. at an unrelated press conference, holder refused to comment on the specifics of his discussions with dimon, though acknowledged the department's focus on financial crimes. >> this is something that is a priority for this justice department, to hold accountable people who would manipulate, companies that would manipulate our financial markets for their own customers'
ceo jamie dimon met with u.s. attorney general eric holder on a reported $11 billion settlement over mortgage-backed securities. we're all over this story. rich edson is reporting from washington, d.c., elizabeth macdonald is working phones here in new york, but first let's get up to speed with rich. >> reporter: good afternoon. he walked through the front entrance, slipped out the side door in a black suv. jamie dimon spent about two hours at the justice department. attorney general eric...
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Sep 11, 2013
09/13
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shame on jamie dimon, i guess. >> you say shame on jamie dimon but not shame on jon corzine? >> i'm not saying shame on either of them. >> you just said it. >> i am looking backwards -- >> did he just not say it? >> i was being sarcastic. >> was this the regulatory industrial complex -- >> you don't look at results and look backwards to blame. >> jamie dimon has five department of justice investigations going on right now. they have been absolutely hammered. what happened at mf global is much, much more serious. >> hammered? >> they are resisting investigations. the more they resist investigations the more investigations they face. the regulatory industrial complex -- >> just because you say it loud doesn't make it right. >> tom, if jon corzine gets to benefit from either the trades or whatever the people under him that he may not have known about explicitly, if he bets benefit of that by virtue of his bonus, the stock going up, why shouldn't he pay a bigger price when the ship sinks, even if he didn't know about it, the guy driving it? >> do you seriously think facing a crim
shame on jamie dimon, i guess. >> you say shame on jamie dimon but not shame on jon corzine? >> i'm not saying shame on either of them. >> you just said it. >> i am looking backwards -- >> did he just not say it? >> i was being sarcastic. >> was this the regulatory industrial complex -- >> you don't look at results and look backwards to blame. >> jamie dimon has five department of justice investigations going on right now. they have been...
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Sep 26, 2013
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morgan's jamie dimon. we want to check in with ayman javers in washington. >> we can tell you that meeting lasted two hours and jamie dimon has left the building in washington, d.c. we got video emerging from the building here a few minutes ago. i can tell you his visit here to washington attracted quite a bit of attraction, there were still cameras, pretty much every entrance today, everybody wanting to get a glimpse of jamie citymon, it is clear they are not ready to announce particular details of a settlement based on today's meeting, but they're also signaling there is more to come in terms of investigations into firms that may or may not have manipulated the financial markets, a strong tone from eric holder. no final announcement here of any developments regarding j.p. morgan. we can tell you jamie dimon was here for just about two hours. >> ayman javers there with the latest. those pictures of jamie dimon leaving the department of justice. stick around, see if markets can hold on to their gains this
morgan's jamie dimon. we want to check in with ayman javers in washington. >> we can tell you that meeting lasted two hours and jamie dimon has left the building in washington, d.c. we got video emerging from the building here a few minutes ago. i can tell you his visit here to washington attracted quite a bit of attraction, there were still cameras, pretty much every entrance today, everybody wanting to get a glimpse of jamie citymon, it is clear they are not ready to announce particular...
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Sep 26, 2013
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>> it's a humbling experience for jamie dimon. he had to two down to the justice department, middle east and basically kiss the ring ever eric holder today. he had to do it with his general counsel steve cutler. he brought a guy, raj cohen. kind of an interesting guy. was, works with sullivan cromwell. involved in the bear stearns deal which is ironic because bear stearns is one. reasons they're paying for this. remember this is some of legacy stuff, legacy mortgage problems occurred at bear stearns. this is a very humbling experience for jamie dimon. he was prodded by his board essentially to end this. get some sort of a global setment on the mortgage issue. i think that is why he is doing it now and that's why he is paying it up. melissa: it would be worth it if it were all over. >> you're right about that. melissa: in theory it is suppose to include justice, federal housing agencies, new york attorney general, does it feel all encompassing? >> maybe. melissa: that's the problem, maybe. >> right. even if all those groups get int
>> it's a humbling experience for jamie dimon. he had to two down to the justice department, middle east and basically kiss the ring ever eric holder today. he had to do it with his general counsel steve cutler. he brought a guy, raj cohen. kind of an interesting guy. was, works with sullivan cromwell. involved in the bear stearns deal which is ironic because bear stearns is one. reasons they're paying for this. remember this is some of legacy stuff, legacy mortgage problems occurred at...
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Sep 26, 2013
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looking at front page headlines, jamie dimon is all over the place. he met today with attorney general eric holder inside the beltway. it follows the reports that the bank could pay as much as $11 billion in post investigations into its mortgage mess. liz: dick bove, banking analyst told us in the last hour that jpmorgan could pay as much as
looking at front page headlines, jamie dimon is all over the place. he met today with attorney general eric holder inside the beltway. it follows the reports that the bank could pay as much as $11 billion in post investigations into its mortgage mess. liz: dick bove, banking analyst told us in the last hour that jpmorgan could pay as much as
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diamond and he's in the next headline uncle sam comes call and ask jamie dimon for another six billion dollars so the federal housing finance agency f.h.a. and f.a.a. is asking for six billion dollars from jamie dimon steeping morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a said the bank j.p. morgan falsely claimed that loans back in thirty three billion dollars of mortgage backed securities complied with underwriting guidelines and that it significantly overstated the ability of the borrowers to repay their mortgage loans of course kaiser report cover this years ago with the time to work was saying that that they were only putting aside reserves of one billion dollars for this put back claims from the f.h. f.a.a. and terry buell our guests said that it would be closer to nine billion dollars here we have six billion dollars j.p. morgan itself is refusing to pay this so it will still be in billions so they have to pay well it could be one billion it could be ten billion it could be one hundred billion it could be a trillion i
diamond and he's in the next headline uncle sam comes call and ask jamie dimon for another six billion dollars so the federal housing finance agency f.h.a. and f.a.a. is asking for six billion dollars from jamie dimon steeping morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a said the bank j.p. morgan falsely claimed that loans back in thirty three billion dollars of mortgage backed securities complied with underwriting guidelines and...
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jamie dimon's directive, get rid of non-core assets. we have to focus on businesses that make money and make sure as we're focusing on the businesses we're not doing anything stupid. that's what is part of this thing. focus on stuff that keeps us out of trouble. that's where we are right now. i will just say this. if this seems to me, this is me covering banks for a long time, the first step to something much more radical. that at least from my sources inside jpmorgan is not happening right now. cheryl: this is interesting what you said as well. god, this goes back 10 years in our history. splitting off investment banking and commercial banking. >> citigroup. you have to get inside of jamie dimon's head why it is more difficult for them. he helped create citigroup. people forget about that. he was a major executive, number two or essentially sandy weill's right-hand man which created citi and merged investment banking and commercial banking and insurance for a time when they had travelers. he was the guy that put it together, that super
jamie dimon's directive, get rid of non-core assets. we have to focus on businesses that make money and make sure as we're focusing on the businesses we're not doing anything stupid. that's what is part of this thing. focus on stuff that keeps us out of trouble. that's where we are right now. i will just say this. if this seems to me, this is me covering banks for a long time, the first step to something much more radical. that at least from my sources inside jpmorgan is not happening right...
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Sep 29, 2013
09/13
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so, jamie dimon is punished. he made it clear he did not like tarp money. he made it clear he was opposed to the president now. he is paying the price for it. jp morgan was the best run bank out there, one of the best run banks out there with a couple of others like wells fargo. they are getting big punishment. by the way, when the federal reserve is picking up the point out there, made the money cheap, the housing prices went up. everyone thought it was a natural law of the universe. prices would keep going up. if a borrower defaulted it didn't matter. the asset would be better than ney good. >> david: last word from steve forbes. both parties continue the power struggle in washington this weekend, a new poll showing a record number of americans think the government has too much power. period. the "cashin' in" crew how we claim the power back coming up. but first on forbes, satisfying, satisfries. the new fries saving people calories, some they they are going >> david: burger king is hoping you will be satisfied with -- sa tabisfries. it has fewer calories
so, jamie dimon is punished. he made it clear he did not like tarp money. he made it clear he was opposed to the president now. he is paying the price for it. jp morgan was the best run bank out there, one of the best run banks out there with a couple of others like wells fargo. they are getting big punishment. by the way, when the federal reserve is picking up the point out there, made the money cheap, the housing prices went up. everyone thought it was a natural law of the universe. prices...
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Sep 26, 2013
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and jamie dimon and he returns j.p. morgan. he arrived at the justice department, and wonder what they'll be discussing? . and michelle girard at the state and federal levels, numbers came out this week, is it the high level of taxation, all that revenue coming into the government, do you think that's what's keeping this economy so slow? >> well, you know, i do think that, obviously, higher taxes are not good for the economy. i also think even away from taxes, the general uncertainty that businesses have faced in addition to the increased regulatory burden that companies have faced. all of these things come together to make for not a very pro growth environment and that's at the heart of why we can't seem to get out of this malaise. stuart: that's what i'm looking for, i'm looking for some way of saying we're going to have real growth and get, 4, 5, 6. but we've got obama care come out as more taxes are levered next year. i don't see us getting out of the doldrums and i want to know if you do. >> unfortunately, we've talked abo
and jamie dimon and he returns j.p. morgan. he arrived at the justice department, and wonder what they'll be discussing? . and michelle girard at the state and federal levels, numbers came out this week, is it the high level of taxation, all that revenue coming into the government, do you think that's what's keeping this economy so slow? >> well, you know, i do think that, obviously, higher taxes are not good for the economy. i also think even away from taxes, the general uncertainty that...
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Sep 27, 2013
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. >> jpmorgan ceo jamie dimon trying to reach multimillion dollar settlement with prosecutors. we'll hear from somebody who says if dimon wants to help his company, he would leave it. really? you'll hear why. >> jack in the box giving nutritionists digestion with latest offerings. >> let's go to my house for late might muvennight munchies. >> all that for six bucks. are these calorie packed meals what consumers want right now or does mcdonald's have it right by making meals healthier? the fast food fight coming up. ♪ ♪ unh ♪ [ male announcer ] you can choose to blend in. ♪ or you can choose to blend out. the all-new 2014 lexus is. it's your move. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free tr
. >> jpmorgan ceo jamie dimon trying to reach multimillion dollar settlement with prosecutors. we'll hear from somebody who says if dimon wants to help his company, he would leave it. really? you'll hear why. >> jack in the box giving nutritionists digestion with latest offerings. >> let's go to my house for late might muvennight munchies. >> all that for six bucks. are these calorie packed meals what consumers want right now or does mcdonald's have it right by making...
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Sep 26, 2013
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that's jpmorgan chase jamie dimon. showing his id at the justice department this morning. what was he doing there? cnbc's kate kelly has the report up next on "the kudlow report." i was made to work. make my mark with pride. create moments of value. build character through quality. and earn the right to be called a classic. the lands' end no iron dress shirt. starting at 49 dollars. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. . >>> welcome back to "the kudlow report." i'm mary thompson with this news alert. if you have ever wondered why it takes three bu
that's jpmorgan chase jamie dimon. showing his id at the justice department this morning. what was he doing there? cnbc's kate kelly has the report up next on "the kudlow report." i was made to work. make my mark with pride. create moments of value. build character through quality. and earn the right to be called a classic. the lands' end no iron dress shirt. starting at 49 dollars. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and...
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Sep 24, 2013
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jamie dimon is wedded to the universal banking model. i don't think the endgame for the feds is to break them up here. it is essentially embarass them. basically jamie dimon was a big, as you know, opponent of dodd-frank. he caught some of the law idiotic. and now he is paying for it. i'll tell you, i've been speaking to a lot of lawyers both involved in legal and regulatory matters involving banks, deal with washington all the time, they say it's low odds that the, that the endgame for the regulators is to break them up. what they're trying to do is bring them to heel essentially. putting jamie dimon in his place is what you have now. but in the interim, this is how they're dealing with it. here is what we know. sources are telling the fox business network you would think that the general counsel, steve cutler, would be on the hot seat. he is not what we're hearing. remember this is the guy, i've known steve cutler for a long time. really good, i would say he a good enforcement attorney. led the enforcement division at sec. he is a good
jamie dimon is wedded to the universal banking model. i don't think the endgame for the feds is to break them up here. it is essentially embarass them. basically jamie dimon was a big, as you know, opponent of dodd-frank. he caught some of the law idiotic. and now he is paying for it. i'll tell you, i've been speaking to a lot of lawyers both involved in legal and regulatory matters involving banks, deal with washington all the time, they say it's low odds that the, that the endgame for the...
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Sep 20, 2013
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>> reporter: i think jamie dimon has already been under siege. the investigation has been going on for over a year. we'll have the watch the reputation of the company going forward. with this regulatory onslaught, they've been cancelling new growth initiatives. in the consumer bank they had roughly 60 new products they were going to roll out. they stopped doing that because regulators said you need to focus on what you're doing now and make sure your existing regulatory controls are up to snuff and that this doesn't happen again, doesn't worry about venturing into new businesses quite yet. >> could they lose clients? could it damage their reputation to the point where people don't want to do business with them on a larger scale? >> reporter: it depends on what regulators ultimately say. a lot of companies like working with jpmorgan. they're the fortress bank. if they need a big loan, they go to jpmorgan and they still will. the problem is the bank might not be allowed to take on new clients. in its clearing business which is where a bank or a for
>> reporter: i think jamie dimon has already been under siege. the investigation has been going on for over a year. we'll have the watch the reputation of the company going forward. with this regulatory onslaught, they've been cancelling new growth initiatives. in the consumer bank they had roughly 60 new products they were going to roll out. they stopped doing that because regulators said you need to focus on what you're doing now and make sure your existing regulatory controls are up to...
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diamond and he's in the next headline uncle sam comes call and ask jamie dimon for another six billion dollars so the federal housing finance agency f.h.a. and f.a.a. is. asking for six billion dollars from jamie dimon stupid morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a said the bank j.p. morgan falsely claim that loans backing thirty three billion dollars of mortgage backed securities complied with underwriting guidelines and that it significantly overstated the ability of the borrowers to repay their mortgage loans of course tries report cover this years ago where at the time to mark was saying that that they were only putting aside reserves of one billion dollars for these put back claims from the f.h. f.a.a. and terry buell our guests said that it would be closer to nine billion dollars here we have six billion dollars j.p. morgan itself is refusing to pay this so it will still be in billions that they have to pay well it could be one billion it could be ten billion it could be one hundred billion it could be a trillio
diamond and he's in the next headline uncle sam comes call and ask jamie dimon for another six billion dollars so the federal housing finance agency f.h.a. and f.a.a. is. asking for six billion dollars from jamie dimon stupid morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a said the bank j.p. morgan falsely claim that loans backing thirty three billion dollars of mortgage backed securities complied with underwriting guidelines and that...
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asking for six billion dollars from jamie dimon j.p. morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a said the bank j.p. morgan falsely claimed that loans back in thirty three billion dollars of mortgage backed securities complied with underwriting guidelines and that it significantly overstated the ability of the borrowers to repay their mortgage loans of course cries report cover this years ago where at the time to mark was saying that they were only putting aside reserves of one billion dollars for this put back claims from the f.h. f.a. and terry buell our guest said that it would be closer to nine billion.
asking for six billion dollars from jamie dimon j.p. morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a said the bank j.p. morgan falsely claimed that loans back in thirty three billion dollars of mortgage backed securities complied with underwriting guidelines and that it significantly overstated the ability of the borrowers to repay their mortgage loans of course cries report cover this years ago where at the time to mark was saying...
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asking for six billion dollars from jamie dimon j.p. morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a the bank j.p. morgan falsely claim that loans back in thirty three billion dollars of mortgage backed securities.
asking for six billion dollars from jamie dimon j.p. morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a the bank j.p. morgan falsely claim that loans back in thirty three billion dollars of mortgage backed securities.
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Sep 25, 2013
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jamie dimon said last week that he is going to increase spending by a billion dollars a year and add another 4,000 employees just to meet the compliance requirements. liz: right. >> i met with some folks at two other bulge bracket banks in new york and they said the number is small. it is multibillions of dollars. the fact is things like dodd-frank which has been signed into law for a few years hasn't been translated into all the changes and process and controls that will be needed so we think there is phenomenal market opportunity out there. frank frankly the traditional consolidators out there, sungard, first datas are somewhat flat-footed. liz: you came from sungard, before verifone. >> i did. liz: the mobile payments company. there are all kinds of things, square, mobile payments. paypal was early adopter, creator. you've got all kinds of different opportunities here plus trading platforms. i'm switching gears here to all of the glitches we've seen recently at many of the exchanges? >> sure. liz: how do you encapsulate that opportunity with the chunk of money you have? >> we'll m
jamie dimon said last week that he is going to increase spending by a billion dollars a year and add another 4,000 employees just to meet the compliance requirements. liz: right. >> i met with some folks at two other bulge bracket banks in new york and they said the number is small. it is multibillions of dollars. the fact is things like dodd-frank which has been signed into law for a few years hasn't been translated into all the changes and process and controls that will be needed so we...
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Sep 25, 2013
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whether jamie dimon and jpmorgan are worthy of cannibalization is another story. they certainly are not the blame for the mortgage crisis and 2008. fannie mae and freddie mac are far more to blame. if the government came knocking and said, mr. mcshane, we are contemplating indicting you for at and you said, will you take a dollars? you would be indicted for bribing. the government is just interested in ash. then it is interested in shifting the blame for its own incompetence to somebody else. connell: -- >> there is some culpability on jpmorgan's part. it may have caused people to have been foreclosed upon before they should have. there are errors in there. $7 billion worth of errors? the government wants another 7 billion? are they trying to help the shareholders? dagen: judge, it was great to see you. it looks like he is up to no good. connell: what else do we have? dagen: gasoline prices have fallen for 24 straight days. connell: sandra smith joined us from the cme now. sandra: enjoy it while it lasts. twenty-four straight days gasoline prices have come down at
whether jamie dimon and jpmorgan are worthy of cannibalization is another story. they certainly are not the blame for the mortgage crisis and 2008. fannie mae and freddie mac are far more to blame. if the government came knocking and said, mr. mcshane, we are contemplating indicting you for at and you said, will you take a dollars? you would be indicted for bribing. the government is just interested in ash. then it is interested in shifting the blame for its own incompetence to somebody else....
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is asking for six billion dollars from jamie dimon steeping morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a said the bank j.p. morgan falsely claimed that loans back in thirty three billion dollars of mortgage backed securities complied with underwriting guidelines and that it significantly overstated the ability of the borrowers to repay their mortgage loans of course cries report cover this years ago where at the time to mark was saying that that they were only putting aside reserves of one billion dollars for these put back claims from the f.h. f.a.a. and terry buell our guests said that it would be closer to nine billion dollars here we have six billion dollars j.p. morgan itself is refusing to pay this so it will still be in billions that they have to pay well it could be one billion it could be ten billion it could be one hundred billion it could be a trillion it doesn't matter because they just go over to the fed they print more money and then they will of course debase the currency and to keep. the currency from inf
is asking for six billion dollars from jamie dimon steeping morgan for defrauding the taxpayer about mortgage backed securities these are put back claims so the f h f a said the bank j.p. morgan falsely claimed that loans back in thirty three billion dollars of mortgage backed securities complied with underwriting guidelines and that it significantly overstated the ability of the borrowers to repay their mortgage loans of course cries report cover this years ago where at the time to mark was...
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Sep 25, 2013
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. >> jpmorgan and jamie dimon may be trying to set settle the lawsuits and probe. but it's never ending. >> we'll reveal that number coming up. >>> facebook and amazon stocks soaring. we know that. ceos mark zuckerberg raking in big bucks as a result. how big? we have details coming up. ♪ [ male announcer ] some things are designed to draw crowds. others are designed to leave them behind. ♪ the all-new 2014 lexus is. it's your move. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are cho
. >> jpmorgan and jamie dimon may be trying to set settle the lawsuits and probe. but it's never ending. >> we'll reveal that number coming up. >>> facebook and amazon stocks soaring. we know that. ceos mark zuckerberg raking in big bucks as a result. how big? we have details coming up. ♪ [ male announcer ] some things are designed to draw crowds. others are designed to leave them behind. ♪ the all-new 2014 lexus is. it's your move. but it doesn't usually work that way...
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Sep 28, 2013
09/13
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robert ray saves in 10 said that he been watching this whole jpmorgan jamie dimon ring. he has concluded that maybe this isn't about a government, but a government and its chairman. i recently know jamie dimon, and you can explain from having one of these vast tracts, is there a connection? >> it's really hard to tell. you don't know what is on the other side. he is negotiating on behalf of the banks. he met with the attorney general for an hour. but the numbers are astronomically high. >> they could be over 10 million. neil: the multibillion on the whale trde, that really didn't hurt anyone. and they have reserves of over $600 million for legal fees. we are talking about a settlement of over $10 million. neil: this has to do with bringing people up to speed -- you know, they add more, but isn't that a little bit much? >> there may be a willing victim on the other side because of jpmorgan and the other big banks. bank of america and other banks are wrapped up with multiple different potential in losses and liabilities. and they have a way to negotiate to buy some type of
robert ray saves in 10 said that he been watching this whole jpmorgan jamie dimon ring. he has concluded that maybe this isn't about a government, but a government and its chairman. i recently know jamie dimon, and you can explain from having one of these vast tracts, is there a connection? >> it's really hard to tell. you don't know what is on the other side. he is negotiating on behalf of the banks. he met with the attorney general for an hour. but the numbers are astronomically high....
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Sep 13, 2013
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jpmorgan fought they had that thrown out because jamie dimon is very close to the founder of twitter. and may impact certain pieces of business including this one. goldman sachs is a good firm but there are such plugs, why they didn't get that lead but they will play a major underwriting role. i am going to get a couple other headlines out here. frank petronis, interesting guy, cleared of regulatory issues, made a come back as an adviser, what sources tell the fox business network, frank is advising on this. he is revising done this. and he has been doing other deals and this is big for him as well. we should point out that the timing of this, unspecified, and looking to raise how much i don't know yet. they have yet to begin an exchange. lori: what is bigger than face book? >> they don't want the hassle of facebook. that is a smaller company, twitter versus facebook but from what i understand this is a big finger, when we were reporting over the last year we were doing public and likely to be done at the end of the year or 2014 they do not want to repeat face book's problems or come
jpmorgan fought they had that thrown out because jamie dimon is very close to the founder of twitter. and may impact certain pieces of business including this one. goldman sachs is a good firm but there are such plugs, why they didn't get that lead but they will play a major underwriting role. i am going to get a couple other headlines out here. frank petronis, interesting guy, cleared of regulatory issues, made a come back as an adviser, what sources tell the fox business network, frank is...
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dimon is it you. he said i don't know what charlie is talking about, it is not us. >> two charlie: know he doesn't want to do this. i know he believes that model is the best model for shareholders, results speak for themselves. they will have a record year, but they're still paying a ton of money in litigation cost, the points made about these is at some point it weighs on the firm where people don't want to do business with you as much. you can lose investment banking claims. talk about the horse race, jpmorgan should be able to get a piece of that. with these investigations hurt trying to be the lead underwriter. liz: you would see, notice up 1 and two-thirds. at the moment 51.92. charlie: his dream is to get it to 70. that is why he says something is going to happen like this. liz: pictures of old ford is going to pop up. barrett goes, looking much better than where it was in 2009. most stocks do. figure out who you want to play you in the movie. the closing bell ringing in 29 minutes. august was t
dimon is it you. he said i don't know what charlie is talking about, it is not us. >> two charlie: know he doesn't want to do this. i know he believes that model is the best model for shareholders, results speak for themselves. they will have a record year, but they're still paying a ton of money in litigation cost, the points made about these is at some point it weighs on the firm where people don't want to do business with you as much. you can lose investment banking claims. talk about...
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Sep 26, 2013
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. >> and jpmorgan chase, jamie dimon meeting with eric holder today to discuss a possible settlement to avoid criminal charges. precious metals gold down, crude oil closed up 37-cents. and in bond market, benchmark yield 10 year rising 2.64%. joining me is ted weisberg, first time meeting you, you are always on the busy floor, what are your colleagues say. >>> market with all the issues looks like it wants to trade higher inspite of fact that today of better but we had 4 yucky days if you will. there is no vengeance in the selling, they sell-off because of maybe there is a little uncertainty but overall trend, i think continues up, and defines longic at some point. but for the moment, i think that the trend is your friend, and the trend is higher. lori: when you say defining longic, well backing up. let me ask you about headwinds and other issues percolating with the latest spending battle in washington, and fed meeting. everyone surprised bernanke was not starting to taper it. >> interesting, you look at the fed, everyone tries to read the tea leaves with the fed. what are they real
. >> and jpmorgan chase, jamie dimon meeting with eric holder today to discuss a possible settlement to avoid criminal charges. precious metals gold down, crude oil closed up 37-cents. and in bond market, benchmark yield 10 year rising 2.64%. joining me is ted weisberg, first time meeting you, you are always on the busy floor, what are your colleagues say. >>> market with all the issues looks like it wants to trade higher inspite of fact that today of better but we had 4 yucky...
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they will be right in the crosshairs jpmorgan and its ceo, jamie dimon. if you listen to him, if he singled out anybody in the campaign, it was jpmorgan and jamie dimon. i think there is a 51% chance eliot spitzer will lose tomorrow. establishment is against him. although he has outspent his opponent by 10:1 or something. we shall see, to be very interesting to see how this thing goes tomorrow. it is the democratic nomination in a heavily democratic city putting eliot spitzer in office. we got into that, you and i. it looks like he is leading that race, but that could be a little tighter. my guess is if they are in a runoff, thompson will actually win when the runoff is over because i think everybody who did not vote will now vote for thompson. it'll be an interesting coalition. a really smart guy, think is much more conservative fiscally. and much better mayor. he was city controller. cheryl: charlie gasparino, thank you very much. it will be fun in new york city tomorrow. 30 minutes to go. coming up next, trading on treasury worries. what that means for
they will be right in the crosshairs jpmorgan and its ceo, jamie dimon. if you listen to him, if he singled out anybody in the campaign, it was jpmorgan and jamie dimon. i think there is a 51% chance eliot spitzer will lose tomorrow. establishment is against him. although he has outspent his opponent by 10:1 or something. we shall see, to be very interesting to see how this thing goes tomorrow. it is the democratic nomination in a heavily democratic city putting eliot spitzer in office. we got...
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Sep 18, 2013
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now jamie dimon is not saying that, but he finds the treatment that his firm is getting is not at all similar to the treatment that he is getting. reportedly paying up to $70 million in fines. remember that one? it resulted in more than $6 billion in losses. but with all of that, a very profitable quarter for jpmorgan. the white house says, some inquiring minds are just wondering. because i do remember a time before it became the administration who signed it into law. the president thought that he almost had one of those fast pass to the oval office. that was then and washington's tax policy would inhibit growth. and now this. coincidental? well, maybe. after all, jpmorgan did screw up that trade in london. let's just say that washington is a little weird considering that it is now using billions of taxpayer dollars it is expected to result in more than $15 million in fines. prior to the meltdown come at the dates are finally settling old scores. who better to ask than a guy that was there during the middle of the meltdown firsthand. independent senator, joe lieberman. it is good to s
now jamie dimon is not saying that, but he finds the treatment that his firm is getting is not at all similar to the treatment that he is getting. reportedly paying up to $70 million in fines. remember that one? it resulted in more than $6 billion in losses. but with all of that, a very profitable quarter for jpmorgan. the white house says, some inquiring minds are just wondering. because i do remember a time before it became the administration who signed it into law. the president thought that...
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Sep 17, 2013
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slapper around jamie dimon who criticized government overreach so tweet me. is the government assault on jpmorgan going too far? you know the right answer to that. cheryl: i was afraid to answer. despite increasing morgan's cost home builder confidence near its highest level in eight years, exclusive interview with jerry bauer coming the. dennis: when business travelers are returning to the road prices of gasoline are heading higher, results of the new survey ahead. let's look at energy. ♪ [ engine revs, tires squeal ] [ male announcer ] since we began, mercedes-benz has pioneered many breakthroughs. ♪ breakthroughs in design... breakthroughs in safety... in engineering... and technology. and now our latest creation breaks one more barrier. introducing the cla. starting at $29,900. ♪ cheryl: something little different. on want to get to chevron and show you chevron, one of the stock we really like, gasoline prices going up and looking at a company like chevron, obviously the higher oil prices go the better stocks perform, here's a 1-year chart, nicole p
slapper around jamie dimon who criticized government overreach so tweet me. is the government assault on jpmorgan going too far? you know the right answer to that. cheryl: i was afraid to answer. despite increasing morgan's cost home builder confidence near its highest level in eight years, exclusive interview with jerry bauer coming the. dennis: when business travelers are returning to the road prices of gasoline are heading higher, results of the new survey ahead. let's look at energy. ♪ [...
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Sep 17, 2013
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jpmorgan chase ceo jamie dimon issued a letter to employees to rally troops amid increased government pressure and lawsuits. >> dimon pledged more resources to the fight to stem this regulatory fallout. he told executives, he's added 4,000 employees and spent $1 billion more on controls and oversight. $750 million alone on ongoing government consent orders. now, dimon in that memo said, quote, we're well aware of the news around the legal and regulatory issues facing our company. in the coming weeks and months we need to be braced for more to come. this week jpmorgan faces for the london whale losses. the fine representing settlements of the s.e.c., occ, federal reserve and uk's fca could top $800 million. even beyond that, the total cost of london whale is still growing. they face investigations at department of justice, new york attorney general, and fcc looking to see if they manipulated credit markets with london whale. jpmorgan will not admit wrongdoing. d.o.j. is looking at their trading in electricity market and could settle on fraudulent mortgage-backed securities. so much iss
jpmorgan chase ceo jamie dimon issued a letter to employees to rally troops amid increased government pressure and lawsuits. >> dimon pledged more resources to the fight to stem this regulatory fallout. he told executives, he's added 4,000 employees and spent $1 billion more on controls and oversight. $750 million alone on ongoing government consent orders. now, dimon in that memo said, quote, we're well aware of the news around the legal and regulatory issues facing our company. in the...
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Sep 19, 2013
09/13
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i think you have people like jamie dimon certainly leaving the packed. from that perspective, i think, you have a good group of managers. cheryl: think you very much for your time. we appreciate it. please come back. dennis: heating up over the debt ceiling. john boehner reiterating this stance while the white house is ordering government agencies prepare for a shut down. cheryl: bernanke on the hot seat. >> what do you think will be the impact on a government shutdown on that economy? would they need to respond to that and help the economy? >> a factor that did concern us, i would include both the possibility of a government shutdown, but also the debt limit issue. dennis: joining us now we have chad morgan lander -- >> market just loved it yesterday. cheryl: the economy is in that bad of shape? >> the economy is not in that bad of shape. i think that is what the fed knows here. until the market stop, i think they will continue on and upward. cheryl: you are predicting 160-170,000 jobs. that is something that obviously bernanke did not like yesterday wi
i think you have people like jamie dimon certainly leaving the packed. from that perspective, i think, you have a good group of managers. cheryl: think you very much for your time. we appreciate it. please come back. dennis: heating up over the debt ceiling. john boehner reiterating this stance while the white house is ordering government agencies prepare for a shut down. cheryl: bernanke on the hot seat. >> what do you think will be the impact on a government shutdown on that economy?...
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well, you come after jamie dimon and jpmorgan. terrific. if i were a regulator i would say, jamie, give me $500 million. the osa, they could use some funding. >> at one point the number of agencies looking into this was up to eight, right? so this cuts that in half. is that not progress or -- >> well, i think that there's still some more to come. >> sure. >> the company is very silent, which is probably what i would do. i don't know. i've never been in a position where i write checks for $500 million. where does that money go? they say it goes somewhere. what does it do? >>goes to the treasury. >> pays down the debt? >> does it go to enforcement? >> i don't believe the penalties go to the enforcement. >> you're saying jpmorgan is one of the reasons we can have an affordable care act. >> we can push out the debt ceiling a few more days. >> he's preventing a shutdown. >> fannie and freddie are the main reasons. >> it's about patriotism. he's preventing a shutdown. nonessential services will be paid because of jamie dimon and the shareholders.
well, you come after jamie dimon and jpmorgan. terrific. if i were a regulator i would say, jamie, give me $500 million. the osa, they could use some funding. >> at one point the number of agencies looking into this was up to eight, right? so this cuts that in half. is that not progress or -- >> well, i think that there's still some more to come. >> sure. >> the company is very silent, which is probably what i would do. i don't know. i've never been in a position where i...
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Sep 19, 2013
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ashley: you mentioned jamie dimon. what does his future hold you think? >> i have no idea. i can't imagine why he would stick around for the long term here. ashley: yeah. >> you've got a company, first of all has very little top-line growth. most of the growth has been coming from besides trading is cutting reserves. it has been from cost cutting. costs are starting to go up. still not a lost top line opportunity. not a lost loan demand in the economy. i'm not sure why anyone would want to oversee that and law of large numbers. you have a company 1/9 the size of the entire u.s. economy. ashley: yeah. >> to expect it to grow at significantly higher rates than the economy without leverage becomes tough. ashley: so you think he could be retiring maybe in the next year or so is it possible once we get through this period. >> it would be an absolute guess but i would not imagine to choose to in 18 months. ashley: has he lost a bit of his credibility? he was one of the most outspoken critics of regulation and tempest in a teapot conversation about comment about the "london whale"
ashley: you mentioned jamie dimon. what does his future hold you think? >> i have no idea. i can't imagine why he would stick around for the long term here. ashley: yeah. >> you've got a company, first of all has very little top-line growth. most of the growth has been coming from besides trading is cutting reserves. it has been from cost cutting. costs are starting to go up. still not a lost top line opportunity. not a lost loan demand in the economy. i'm not sure why anyone would...